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a statement on the debt ceiling. >> because the debt ceiling is the fight coming up next, as you know, brian, and everything the president would like to do at the start of that second term including new gun laws, immigration reform, energy. all those things will really be locked into place unless he can get some agreement on the debt, the president said he won't negotiate with congress about the debt ceiling, but we could be headed to another standoff, another kind of fiscal cliff similar to what we saw last summer unless that can be resolved. the president wants to get ahead of that, really put the responsibility on republicans in congress and make it clear he just doesn't want to budge. >> keep in mind the president will walk behind you any moment. there is a very thin line between leverage coming off an election and lame duck status, and the president has a robust agenda for this term number 2. >> it is, and the first year of second terms are the ones you have a shot as sitting president to have the most productive parts. but i want to go back and emphasize something david said, and that
. >> senator cruz, house republicans have taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the limit for three months with the requirement that both chambers of congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on th
-cannon. it is shaping up to be a busy week in washington. confirmation, gun control, the debt ceiling and an inauguration to plan all on the agenda this week. let's bring in tracie potts this morning live on capitol hill. we hit that debt ceiling and now it's about the debt limit. >> we hit it in technically in december but in order to keep paying the bills the government delayed some payments so it looks like we'll hit that ceiling or that limit again in mid february. congress has got to do something about that. the house is back today. republicans are going to push for spending cuts. remember their mantra has been no more borrowing without limiting what we're spending and among spending cuts they are likely to look at social security this time. >> there's also some trouble on capitol hill ahead of chuck hagel's confirmation hearing. >> the confirmation hearings we have coming up at least three of them. chuck hagel could be the most difficult because democrats and republicans here have some challenges and lots of questions for him. still they say about the stance on iran and things h
yesterday. >>> there are answers for renewed calls for congress to raise the debt ceiling. for more on that and a look at the world markets and how they did overnight, we turn to seema mody at cnbc world headquarters. >> good morning to you. let's start with markets. futures lower after a mixed session on monday. as you pointed out apple weighing on tech on reports that it is cutting component costs but dell took others higher on talks it's in talk with several firms. we get a trio of federal reserve officials speaking out about the economy today. the dow rising 18 points in yesterday's trade and nasdaq slipping eight to close at 3117. here's our top story. treasury secretary tim geithner is calling on congress to raise the debt ceiling. in a letter to lawmakers geithner says it could cause harm to the u.s. economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't ou
this looming fight over the debt ceiling. our chief white house correspondent, chuck todd, was part of the questioning. he joins us from there tonight. chuck, good evening. >> reporter: good evening, brian. as you mentioned, vice president biden formally gave the president the gun violence task force recommendation that he was charged with getting. and while the president said he's formally going to unveil what his proposals are going to be, he did say today that if congress doesn't act at this news conference, he's willing to do it himself. during the hour-long press conference, president obama said he wants stronger background checks and limits on assault weapons and ammunition. but acknowledged the difficult politics. >> those are things i continue to believe make sense. will all of them get through this congress? i don't know. >> reporter: and he said administrative action, such as backtracking guns used by criminals are things he may be able to do right away. >> i'm confident that there are some steps we can take that don't require legislation. >> reporter: but gun control was
Search Results 0 to 4 of about 5